This is a trend following analysis using a breakout entry formation that generally has the greatest results. This analysis is good for 4H trading, but can also be used on almost all time frames and on all pairs. Basically, this analysis is based on breakout and certain forms of reversals. The analysis seeks to highlight potential breakout setups that can result in higher reward. To ensure consistent successful trades, the trader should exercise some degree of patience and wait for the perfect set up to execute trades. There’re are several types of breakouts, I only focus on two types of breakouts, trend line breakout and double top/triple top/ bottom breakout. Even with the two, I only trade double top/ triple bottom breakout most of the times and trend line breakout at some other times. Double top/Triple top/ bottom breakout is more dependable and reliable than the other. Note, trend line breakout includes also breaks that occur out of various shapes such as wedges, channels, triangles, and all the other shapes part from rectangles. Below are the simple sketches of some of the breakout setups I’ll be focusing on.
| 08 - 12 January |
weekly
forecast 08 - 12
January Silver Review: Technical Observation: Recently, silver broke out above the resistance line 17.098 with a big green candle. An attempt to break back below it ended up in an engulfing candle to the upper side. Now that the price has pulled back to the same line, I expect a momentum to the upper s | ||
| 2018 | EURUSD | GBPUSD | USDJPY |
| 12 January | T echnical observation On the 4H chart above,EUR has been trading on an upward trend with two retracements at a key zone (1.2003-1.1992),price broke below the zone and was contained for a short time then broke above it with a big green candle. Currently price is rallying above the zone and I | Technical observation chart above is upward. Price retraced at key support zone(1.3507-1.3493) and currently is still rallying above the zone and I expect a bounce from it to buy GBP but not for a long time with my take profit at 1.3580 and stop loss at 1.3456. if price breaks my take profit th | Technical observation On the past few days on the daily chart above, price retraced at a key support zone (112.11-111.81)twice then broke below it but failed to be contained, it then broke above it and was contained with three retracements to it.Recently price broke below the zone with a big |
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